Ambarella (AMBA) Price Target Raised to $43 at Topeka Capital
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September 5, 2014 8:25 AM EDT
Chardan Capital Markets analyst Jay Srivatsa raised his price target on Ambarella (NASDAQ: AMBA) to $35.00 (from $30.00) following "impressive: Q2 results and guidance but maintained a Neutral rating.
"While we areimpressed with Q2:15 results and Q3:15 guidance, we believe that the companys... More
September 5, 2014 8:15 AM EDT
Ascendiant Capital analysts David Williams and Cody Acree reiterated a Buy rating on Ambarella (NASDAQ: AMBA) and boosted their price target to $42.00 (from $37.00) following strong Q2 results and guidance.
"On a very strong beat and raise, continued strength across all of AMBA's key segments and expanding market... More
September 4, 2014 4:08 PM EDT
Ambarella (NASDAQ: AMBA) reported Q2 EPS of $0.37, $0.09 better than the analyst estimate of $0.28. Revenue for the quarter rose 24.6% to $47 million versus the consensus estimate of $44.7 million.
"We are delighted with our second quarter financial results," said Fermi Wang, president and CEO. "We achieved... More
